Withdrawal of Registration Statement (rw) filed Jan 31 2013 anyone want to take a stab on this
U.S. Securities and Exchange Commission
Division of Corporation Finance
100 F Street, N.E.
Re: Marina Biotech, Inc.
Registration Statement on Form S-3
Filed January 12, 2012
File No. 333-178985
Ladies and Gentlemen:
Marina Biotech, Inc., a Delaware corporation (the “Registrant”), hereby requests, pursuant to Rule 477 of the Securities Act of 1933, as amended (the “Securities Act”), that the U.S. Securities and Exchange Commission (the “Commission”) consent to the withdrawal of its Registration Statement on Form S-3 (Registration No. 333-178985), together with all exhibits thereto (the “Registration Statement”). The Registration Statement was originally filed with the Commission on January 12, 2012.
The Registrant is requesting the withdrawal of the Registration Statement due to the fact that it has terminated the facility pursuant to which the securities that were being registered on the Registration Statement were to be issued. To date, the Registration Statement has not been declared effective by the Commission, and no offers or sales of the securities have been made pursuant to the Registration Statement. The Registrant believes that the withdrawal of the Registration Statement is consistent with the public interest and the protection of investors, as contemplated by Rule 477.
The Registrant acknowledges that no refund will be made for fees paid to the Commission in connection with the filing of the Registration Statement. However, the Registrant hereby respectfully requests that, in accordance with Rule 457(p) of the Securities Act, all fees paid to the Commission in connection with the filing of the Registration Statement be credited to the Registrant’s account for future use.
Hopefully they will release some news about a milestone payment received to get the price back up over 70 cents and then sell the shares to new investors. Make the new investors pay a fair price for their shares. Don't let them devalue the company and its' accomplisments to date by offering millions of shares at 40 cents.
There was an S3 back in January 2012 that was never used. There was an offering (S1) filed in December. They had to remove the old offering (S3) before they can make the S1 from December effective. I take it as we should hear something regarding that offering very soon.
The question is what will the offering be at???? 40 cents?? I sure hope not. They could have done it at 70 cents in December but did not...
Thanks Moose for your response I hope the same my thinking some news big news comes out prior to offering take this stock up then place the offering at a higher price all depending how good the news will be.
Good luck to all of us hope its good stuff for MRNA for 2013